The Accounting Year. The accounting year shall be twelve full calendar months. The accounting year may be established by Tenant, provided Tenant notifies Auditor-Controller in writing of the accounting year to be used. Said accounting year shall be deemed to be approved by Auditor-Controller unless Auditor-Controller has objected to Tenant’s selection in writing within sixty (60) days of Tenant’s written notification.
15.2.1. In the event Tenant fails to establish an accounting year of its choice, regardless of the cause, the accounting year shall be synonymous with the twelve-month period contained in the first one-year term of the Lease.
15.2.2. Any portion of a year that is not reconciled, should the accounting year and the anniversary year of the lease commencement not be the same, shall be accounted for as if it were a complete accounting year.
15.2.3. Once an accounting year is established, it shall be continued through the term of the lease unless Auditor-Controller specifically approves in writing a different accounting year. Auditor-Controller shall only approve a change in accounting years in the event of undue hardship being placed on either the Tenant or County, and not because of mere convenience or inconvenience.
The Accounting Year. The accounting year shall be twelve (12) full calendar months commencing on January 1 and ending on December 31 each year. The accounting year may be established by Xxxxxx, provided Tenant notifies Auditor-Controller in writing of the accounting year to be used. Said accounting year shall be deemed to be approved by Auditor-Controller unless Auditor-Controller has objected to Tenant's selection in writing within sixty (60) days of Tenant's written notification. Any portion of a year that is not reconciled, should the accounting year and the anniversary year of the Lease commencement not be the same, shall be accounted for as if it were a complete accounting year. Once an accounting year is established, it shall be continued through the Term of the Lease unless Auditor-Controller specifically approves in writing a different accounting year. Auditor-Controller shall only approve a change in accounting years in the event of undue hardship being placed on either the Tenant or Lessor, and not because of mere convenience or inconvenience.
The Accounting Year. The accounting year shall be twelve full calendar months commencing with the first full calendar month following the Effective Date of this License. Example: If the Effective Date is on March 15, the first accounting year will include March 15 through March 31 of the following year. Thereafter, the accounting year would start on April 1 and end on March 31.
The Accounting Year. The accounting year shall be twelve (12) full calendar months. The accounting year may be established by TENANT, provided TENANT notifies Auditor-Controller in 24 writing of the accounting year to be used. Said accounting year shall be deemed to be approved by Auditor-Controller unless Auditor-Controller has objected to TENANT’s selection in writing 25 within sixty (60) days of TENANT’s written notification.
The Accounting Year. The accounting year shall be 12 full calendar months. The accounting year may be established by the Grantee provided the Grantee notifies the Grantor in writing of the accounting year to be used. The accounting year shall be deemed to be approved by the Grantor unless Grantor has objected to the Grantee’s selection in writing within sixty (60) days of Grantee’s written notification. In the event the Grantee fails to establish an accounting year of its choice, regardless of the cause, the accounting year shall be synonymous with the twelve month period contained in the first one year term of the agreement. Once an accounting year is established, it shall be conducted through the term of the agreement unless Grantor specifically approves in writing a different accounting year. The Grantor shall only approve a change in the accounting year in the event of undue hardship being placed on either the Grantee or the Grantor and not because of mere convenience or inconvenience. All of Grantee’s books of accounts and records related to this agreement or its business operations conducted within or from the Premises shall be kept and made available at one location within the limits of the City of Buckeye. The Grantor shall, through its duly authorized agents or representatives, have the right to examine and audit said books of accounts and records at any and all reasonable times for the purpose of determining the accuracy thereof and of the monthly statement of sales made and monies received. The cost of said audit shall be borne by the Grantor unless the audit reveals a discrepancy of more than five percent (5%) between the amount due as reported by the Grantee in accordance with this agreement and the amount due as determined by said audit. In the event of greater discrepancy, the full cost of the audit as determined by the Grantor shall be paid by the Grantee.
